Avapritinib Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 3.5 Billion by 2033 at a CAGR of 15.8% from 2026 to 2033.
In 2023, the global Avapritinib market was valued at approximately $1.2 billion, with North America accounting for about 45% of this total, equating to around $540 million. Europe followed with a 30% share, approximately $360 million, while the Asia Pacific region contributed 15%, about $180 million. Latin America and the Middle East & Africa each held a 5% share, roughly $60 million each. The market is projected to reach around $4.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 16.8%. North Americas leading position is attributed to a high prevalence of gastrointestinal stromal tumors (GIST) and systemic mastocytosis (SM), advanced healthcare infrastructure, and a strong presence of pharmaceutical companies. Europe benefits from robust healthcare systems and increasing adoption of novel therapies. The Asia Pacific region is expected to experience the fastest growth, with a projected CAGR of 18.5%, driven by rising healthcare expenditure, improving infrastructure, and a growing incidence of targeted therapy eligible cancers. Latin America and the Middle East & Africa, though currently smaller markets, are anticipated to grow due to improving healthcare access and increasing awareness of targeted cancer therapies.
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Selleck Chemicals
Cayman Chemical
AbMole
BioVision
Biosynth Carbosynth
Biorbyt
Shimadzu
KareBay Biochem
BOC Sciences
Clearsynth
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Avapritinib Market
Tablets
Capsules
Injectables
Systemic mastocytosis
Gastrointestinal stromal tumors (GISTs)
Other rare malignancies
Hospital pharmacies
Retail pharmacies
Online pharmacies
Hospitals
Specialty clinics
Homecare settings
Oral dosage forms
Parenteral dosage forms
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Avapritinib Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Avapritinib Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Avapritinib Market, By Type
6. Global Avapritinib Market, By Application
7. Global Avapritinib Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Avapritinib Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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